Billionaire Ken Griffin Loaded Up on This High-Yield Dividend Stock. Should You?
If there were a hedge fund manager hall of fame, Ken Griffin would be a no-brainer inductee. His skillful leadership of Citadel made it one of the most successful hedge funds ever. It also made Griffin one of the wealthiest people in the world, with a net worth of nearly $37 billion.
Understandably, many investors pay close attention to the stocks Griffin buys and sells. Are income investors in this group? There's a good argument that they should be. The billionaire just loaded up on one high-yield dividend stock.
Griffin isn't known as a buy-and-hold investor because his Citadel hedge fund often owns stocks for short periods. However, big drugmaker (NYSE: PFE) is an exception.
Source Fool.com
Pfizer Inc. Stock
€26.62
0.640%
The stock is one of the favorites of our community with 30 Buy predictions and 4 Sell predictions.
As a result the target price of 40 € shows a very positive potential of 50.26% compared to the current price of 26.62 € for Pfizer Inc..
